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‘New GM’ address by CEO Fritz Henderson

Fritz Henderson By Tim Pollard Motor Industry 11 August 2009 12:51 Chief executive and president of General Motors Fritz Henderson is making a product announcement this lunchtime. Join us at 1.00pm BST for the latest news from GM in our live blog below. NB start from the bottom and work your way up for the real-time blog!

Lambrecht Chevrolet auction update: More detail on the cars

In about seven weeks, roughly 500 cars from Lambrecht Chevrolet in Pierce, Neb., will go across the auction block. And pre-bidding has already started on this massive time-capsule collection, accumulated over the course of many decades by Ray and Mildred Lambrecht, a husband and wife team who ran the dealership for more than 50 years. Autoweek will be in Pierce, Neb., to cover the sale in late September and to preserve a sample of the dust on the dealership floor for scientific study.

Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.